German business sentiment rose in January, according to a survey by the influential Ifo Institute for Economic Research published on Monday.
The Munich-based center said its business climate index rose to 106.7 this month, above a forecast 106.3 by analysts polled by Reuters. It marks the third consecutive monthly increase in the index, and the president of Ifo said the German economy had made a "good start to the year."
"Companies were far more satisfied with their current business situation and the majority was also optimistic about the business outlook," Hans Werner-Sinn said.
Last week, a survey by Germany's Centre for Economic Research (ZEW) showed that German economic sentiment had rocketed beyond expectations in January.
The Ifo current conditions index also stood at 111.7 in January, above a consensus forecast of 106.3.